Under the agreement, Rwanda and GenZero will collectively study and assess the potential for Article 6 projects. According to the parties, successful projects will go through a “robust” due diligence and screening process, and are expected to meet criteria set by the government of Rwanda and GenZero, before undertaking certification by Gold Standard.
Temasek’s decarbonisation-focused investment subsidiary GenZero has signed a collaboration agreement with carbon credit certification body Gold Standard, the Rwanda Green Fund and the Rwanda Environment Management Authority (REMA) to work together on developing a pipeline of Article 6-compliant carbon credit projects in Rwanda.
According to a Sept 19 announcement, this pioneering partnership between a government, a standard-setting body and an investor reflects the shared commitment of the partners to catalyse international investment in high-integrity Article 6 projects in countries like Rwanda while generating sustainable development benefits for the local economy, environment and communities.
